Author Topic: Loan Information Asymmetrical Timing  (Read 72628 times)

rawraw

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Re: Loan Information Asymmetrical Timing
« Reply #180 on: September 29, 2014, 06:50:56 AM »
There's a post in the Lending Club borrower's forum where a borrower states they were fully funded and approved on 9/25 but told they will get their funds on 10/2. More evidence that LC is holding business till next quarter...they must have this quarter's numbers in the bag already.

It will be interesting after the IPO if this behavior will continue - fresh issues throughout the last few days of a quarter could be a strong sell signal.
I don't know why everyone focuses on the IPO so much.  I doubt people will care.  It's not accounting fraud.

Joleran

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Re: Loan Information Asymmetrical Timing
« Reply #181 on: October 02, 2014, 08:18:31 PM »
I don't know why everyone focuses on the IPO so much.  I doubt people will care.  It's not accounting fraud.

The people that care are those who own LC stock.  If there's a reliable metric that gives insider information in an SEC-compliant fashion, this is a big deal.